GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 27, 2026

Intangible Asset, Goodwill and Other [Abstract]

Goodwill

Goodwill activity for each of the Company’s reportable segments, Materials Solutions (“MS”) and Advanced Purity Solutions (“APS”), was as follows at June 27, 2026 and December 31, 2025:

(In millions)	MS		APS		Total
December 31, 2025	$	3,631.3	$	315.4	$	3,946.7
Foreign currency translation	—		2.2		2.2
June 27, 2026	$	3,631.3	$	317.6	$	3,948.9

Intangible Asset, Finite-Lived, Acquired

Identifiable intangible assets at June 27, 2026 and December 31, 2025 consisted of the following:

	June 27, 2026
(In millions)	Gross carrying amount		Accumulated amortization		Net carrying value
Developed technology	$	1,264.7	$	820.4	$	444.3
Trademarks and trade names	172.1		65.2		106.9
Customer relationships	631.1		368.5		262.6
Other (1)	18.1		17.2		0.9
	$	2,086.0	$	1,271.3	$	814.7

(1) As part of its periodic review of intangible asset records, the Company eliminated certain fully amortized intangible assets from the gross carrying amount and accumulated amortization balances. Gross carrying amounts and related accumulated amortization of approximately $7.5 million were removed, with no impact on net intangible assets, earnings, or cash flows.

	December 31, 2025
(In millions)	Gross carrying amount		Accumulated amortization		Net carrying value
Developed technology	$	1,264.5	$	747.3	$	517.2
Trademarks and trade names	172.1		59.7		112.4
Customer relationships	630.8		354.5		276.3
Other	25.5		24.5		1.0
	$	2,092.9	$	1,186.0	$	906.9

Schedule of Estimated Future Amortization Expense

Future amortization expense relating to intangible assets currently recorded in the Company’s condensed consolidated balance sheets is estimated to be the following at June 27, 2026:

(In millions)	Remaining 2026		2027		2028		2029		2030		Thereafter		Total
Future amortization expense	$	91.2	$	179.8	$	177.4	$	111.7	$	39.3	$	215.3	$	814.7